Choose the One Alternative That Best Completes the Statement or Answers

Multiple Choice

Choose the one alternative that best completes the statement or answers the question.
-The Feldmans bought their first house for $14,000. Over the years they moved three times into bigger and bigger houses. Now, 41 years later, they are ready to retire and want a smaller house like the first one they
Bought. If inflation in property values has averaged 3.6% per year during that time, how much will such a
House cost them now? (Round your answer to the nearest dollar.)

A) $3,284
B) $3,200
C) $61,256
D) $59,687